scoopertrooper

Taking the cost of the ASIC as a sunk cost, the amount of electricity required to mine a Bitcoin to be 150 kWh, the cost of electricity being 6 cents per kWh, and ignoring overhead such as wages and rent, then the breakeven price for Bitcoin mining is $9,000 USD.

You may consider multiplying that by a factor to add some conservatism (though my estimates themselves may actually be conservative given that a lot of mining happens in country with low energy and labour prices), but it still seems like it's more profitable to keep the ASICs running than to switch them off, which is attested to by the fact the hashrate hasn't been significantly affected by the recent fluctuations in price.

https://www.eia.gov/electricity/monthly/epm_table_grapher.ph...

Ethereum is down about 80% from their all-time-high and 74% from the start of 2022. It's a massacre for the whole scene.

You shouldn't have your wealth stored in a medium of exchange, while expecting capital appreciation exceeding or even comparable to the equity market. That kind of volatility is a sign of there being something seriously wrong with that medium of exchange.

> Considering Bitcoin had never fallen lower than a previous cycles ATH (All Time High) until now, who is thinking that this might be a sign of the end of crypto?

This sounds like just another one of those synthetic signposts people create around crypto. It's just a pattern. It has no particular significance; beyond the fact that if enough people believe in it, then it might influence their actions in a way that moves the market.

My favourite was that people were going around saying the cost of mining Bitcoin served as a floor to the market. As though the miners would (somehow) stop the price going down when it became unprofitable for them to mine. More likely, they'd just stop their mining activities and move onto something more lucrative.

Well in fairness, the French government currently in power have an economic incentive to kick the can down the road to subsequent governments. Reduce reserve requirements now, next generation of taxpayers foot the bill later.

Does the EU have an incentive to inflate the reserve requirement?

OP is mad into scalping.

Speak for yourself, I haven't had a thought in years. I'm allll banana.

> Everything has a workaround, but if the state outright bans cryptocurrencies, the market will be severely crippled.

Like how they effectively enforced their prohibition on drugs and people working for cash-in-hand to avoid income tax and reductions in government benefits. Right.

It's always a cat-and-mouse game.

Not sure how I feel about Twitter user HODLneverSODL as a source.

I think the eventual dream is that people will exchange goods and services in crypto and bypass the necessary step of currency conversion.

It does seem people struggle to learn from their mistakes. The last year has been marked by the institutionalisation of irrational exuberance.

Just look at that whole GME saga. A mob of people attempted to short squeeze a bunch of hedge funds, but got carried away and kept pumping up the price long after all the short sellers had closed out their positions.

GME is still riding at 24x the price prior to the short squeeze began (and about double its all-time-high prior to the Reddit intervention). Who are they squeezing now?

Central bank action. The federal reserve drastically cut rates at the start of the pandemic, so a lot of people were stuck at home with cheap money.

Now, inflation is spiking, so the federal reserve raised rates and money isn't as cheap as it used to be, therefore people are pulling out of the market.

https://tradingeconomics.com/united-states/interest-rate

Worse, at least the Beanie Bros had warehouses full of stuffed toys to remind them of their mistakes in the end. All the cryptoists get is a lousy set of characters for their trouble.

Alternately, the artificial sweetener might end up being too sweet, so they balance it out with some more bitter caffine.

I think most people would prefer for the sanctions on Russia to be more rigorously enforced

Currently sitting in a hotel with 282/170 mbps internet connection. I've never streamed a game before, but the demo runs beautifully, better than you'd expect possible.

My understanding is that they shut down the reactors in port and run off the grid.

> I have already delegated this to after I get Windows working under the thin hypervisor

Not to be 'that guy', but that's an odd use of of the word 'delegated'. 'Relegated' might have been the word for which you were looking.

Edit: I know this will be down voted because I'm critiquing the word usage of OP instead of focusing on how cool their project is. I get that. I'm just pedantic and this sort of thing eats me alive.

It's so transparent, but folks fall for it every time.

I didn't know what an Octagon Networks was prior to their (six month old!) company announcing their intention to exchange their liquid assets for a highly volatile (has lost 50% of its value since November) speculative asset.

Perhaps, their motivating reason was to ensure that I would know what an Octagon Networks was?

How many liquid assets did they have anyway?

> Btw, antibiotics are available over the counter in Europe. The ones Id use and feel comfortable using

What are you talking about?

> Over-the-counter (OTC) sales of antibiotics is forbidden by law in all countries, but it is allowed for some specific formulations (creams in Norway and Denmark or eye drops in the UK)

https://www.escmid.org/escmid_publications/escmid_elibrary/m...

> What exactly has Musk ever engineered?

A public persona that he's now diligently working to destroy?

It seems like you want to create a general rule entirely based on your own personal experience.

I just gave you a document containing 8 case studies where drugs were found to be not safe after having passed Phase 2 trials.

There's definitely a case to be made for early access to drugs for certain terminal illnesses in cases where there is compelling evidence that the drugs will pass Phase 3 trials. But, that should hardly be the 'default' as OP suggests.

At least in the case of Blockbuster, I'd say the lag can be accounted for by the fact Netflix got into streaming in 2007. Prior to that Netflix started eating Blockbuster's lunch, but the service really took off once they managed to mainstream streaming. This was helped, in no small part, by the rapid rise in broadband penetration of that same time period.

https://www.pewresearch.org/internet/fact-sheet/internet-bro...

https://www.researchgate.net/figure/Rise-of-Netflix-and-Fall...

70% of Phase 2 trials fail and 50% of Phase 3 trials fail[1]. Why should the default to be to approve drugs in the early stage of human experimentation?

Here are some interesting case studies of drugs graduating from Phase 2 trials only to fail Phase 3 trials on efficacy and safety grounds: https://www.fda.gov/media/102332/download

[1] https://www.parexel.com/application/files_previous/5014/7274...

Seems like it'd be ideal to just work with a single strain; you'd rule out many confounding factors. I don't see why having multiple different strains of mouse would make the results more generalisable to humans.

It's still a controlled trial with some compelling results and analysis. This is an excellent basis for further research.

I'm now trying to imagine a Mars helicopter solution that encompassed all those technologies in the stack. I could imagine the company I work for coming up with such a solution.

Probably less so in China given that, until recently, they had severe restrictions on the number of children per a family.

Though your point is valid it's only part of the story.

I've seen many scions from China attending western universities in a state of decadence, barely focused on their course work, all too willing to live off their parents' past efforts, while driving expensive cars and walking around in clothes and accessories worth tens of thousands of dollars.